gold advise

It did form a double bottom at $1,235, next week there may be a move to the upside.

Gold is still testing the double bottom at $1,235, consolidation continues for now.

Gold finally broke out below $1,235 and the move to the downside continues, it will likely reach $1,200.

The move to the downside continues, the question is whether there will be a breakout below $1,200 too.

Buy gold at dip

paidsignal posted:
Buy gold at dip

Why do you think it will reverse?

victoriajensen posted:

paidsignal posted:
Buy gold at dip

Why do you think it will reverse?

He probably knows D.J.T. ;-)

It is, indeed, retracing for now, but the move to the downside will likely continue next week.

Gold is falling back towards the support at $1,210, the question is whether or if it will break out below that level.

Consolidation continues for now, the question is when there will be a breakout below $1,210.

Gold is retracing and it may rise to $1,240 again.

1241.9 will be reached soon first before going to the next level again

I thought so too, but Gold is stuck in a tight consolidation below $1,235.

Gold consolidates after bouncing to the upside from the 1211 level. The 1236 level could continue acting as resistance, but the bullish pressure is accumulating in that zone, due to the fact that the lows of the daily candles are higher than the previous ones.

Until we see a meaningful correction in the capital markets it seems bound to go lower... perhaps recent bout of negative earnings news on high profile names might help relieve some downward pressure...

Consolidation continues today, next week there may finally be a breakout below $1,210.

Gold continues consolidating, next target is likely at $1,210 again.

Gold may be forming a double bottom above $1,210, if it is then there may be a new move to the upside.

Gold is testing the support at $1,210 yet again but so far there is no signal for a breakout.